Concept of Commission

A commission is the payment, an agent gets for selling or buying something on behalf of another person.
It is usually written as a percentage of cost price or selling price.

Example:
An agent got 2% commission on selling a plot for 1000000. Find his commission.
Solution:
Let       Sale Price = 1000000
Commission Rate = 2%
Amount of Commission = 2% x 1000000 = \frac{2}{{100}}x 1000000 = 20000
Example:
An agent received Rs.6000 as commission for selling a house. If his commission rate is 2%. What is the selling price?
Solution:
Let       Selling Price = x
            Commission Rate = 2%
            Commission = (Selling Price)(Rate)
            6000 = xx \frac{2}{{100}}
            \boxed{x  = 300000}

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